Business & Finance Newark, NJ
Pop. 311,549
Insurance Agent Salary in Newark, New Jersey
The median insurance agent salary in Newark, NJ is $69,432 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$69,432
vs State Avg
$-1,736
vs National
+$11,572
Cost of Living
112%
Insurance Agent Salary in Newark by Experience
In Newark, an entry-level insurance agent earns around $38,400, while experienced professionals earn up to $132,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$38,400
+$6,400 vs national
Mid Level (3-7 yrs)
$72,000
+$12,000 vs national
Senior Level (8+ yrs)
$132,000
+$22,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $36,000 |
| 25th Percentile | $48,000 |
| Median (50th) | $69,432 |
| 75th Percentile | $98,400 |
| 90th Percentile | $141,600 |
Insurance Agent Salary in Other New Jersey Cities
How to Become a Insurance Agent in Newark
Education
Most insurance agent positions require a high school diploma. Newark and the surrounding New Jersey area have institutions offering relevant programs.
Key Skills
SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM
Job Outlook
Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). Demand in Newark may vary based on local industry and population growth.